Finding the Right Tenant

If you want the experience of owning a rental property to be profitable (and minimally stressful), it all comes down to who you allow to live there.

Tenants can make or break the success of a property. When you have the right tenant, you can rest easy knowing the rent is coming in on time every month and your property is being taken care of. But the wrong tenant can do some real damage (usually to the cost of thousands of dollars in unpaid rent and property damage).

Getting the right tenants into your properties is a must. But how, exactly, do you do that? Below you'll find all the information you need to find—and keep—the right tenants, including the most common mistakes landlords make when screening tenants, best practices to make sure you're quality tenants stay in your property, and red flags to avoid during the tenant screening process.

Tenant turnover is a huge pain. When tenants move out, they leave high costs and unavoidable frustrations in their wake. And since most leases are 12 months, you could be dealing with these issues annually.